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Coeur D'Alene Mines Corporation Strengthens Balance Sheet Through Debt Reduction
Friday July 3, 2009, 8:27 am

Original Announcement: Coeur Strengthens Balance Sheet Through Debt Reduction

Coeur D'Alene Mines Corporation provided an update on its debt reduction program. During the first half of 2009, the Company reduced its convertible debt by over $150m, or approx. 37%. The Company reported that over the last several months, Coeur has taken advantage of the state of the convertibles market to opportunistically reduce the remaining balance of its two unsecured convertible debentures. As of 1 July 2009, the Company's basic outstanding shares stood at 75.4m and its diluted shares outstanding were approx. 80.02m. On 1 July 2009, there were no additional planned or pending exchanges.

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